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Re: trueblue post# 74274

Monday, 04/01/2024 10:21:47 PM

Monday, April 01, 2024 10:21:47 PM

Post# of 75050
"So in my opinion was the huge market order done on purpose?? "

No. IMHO. Why not? Because the seller sold some shares high, then dropped it fast. Sold a LOT of shares at $.013X and .012X. Immediately after that ended, it popped back up. Fast. That seller could not sell and then buy back. In fact, I tried putting in an order at $.015 when it turned and was at $.0135 and rising. Didn't get them. Moved it to $.017 and still didn't get as much as I tried. It just moved past me that fast. Finally put in at $.018 and got what I wanted. But it was me and a bunch of other people buying fast and furious, and the seller would not have been able to get back in NEAR the price he sold at. He couldn't do well with limit buy orders in either, as he would just be on the selling AND the buying side, to no avail. It did not continue down after his order stopped filling (less than 90 seconds). He didn't scare others to drop it under a penny, as the buyers came in too fast. Normally when a market order happens, it does that. It is a sharp V shape, and the seller can't buy back in even if they want to. They were not cleaning out the other sellers and buying, as their sell order dumped it all the way all at once. Then, it was a rush to buy and I think those who put in at market got lower prices than those of us who tried to put in at limits, as it blew past us too fast.

SO no, the sell order at market was a mistake - not done on purpose. Again, IMVHO.
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